Oliver Smiddy
AXA Private Equity’s chief operating officer, Christophe Florin, has left the firm. He is set to join the Abu Dhabi Investment Authority, as the sovereign fund continues to bulk up its private equity team.
Investors are waiting longer for distributions from the managers they back, according to research by placement agent Triago, as general partners delay exits until markets improve.
SL Capital Partners has reshuffled its senior management team following the decision of its chief executive David Currie to retire.
Private equity firms are increasingly looking to draw on industrial expertise to supplement their in-house operational capabilities, with Warburg Pincus and Montagu Private Equity the latest to appoint seasoned executives.
It’s not every day that a private equity firm calls upon a prime minister for a press release soundbite.
Lower fees and a European-style waterfall has led to BC Partners closing the biggest buyout fund to be launched in Europe since the collapse of Lehman Brothers, having held a final close for BC European Capital IX at its hard cap of €6.5bn.
LPs in Doughty Hanson’s funds swiftly granted the firm permission to continue investments after the unexpected death of founder Nigel Doughty last Saturday.
The former head of JC Flowers’ London operation, Ravi Shankar Sinha, has been banned from ever working in financial services again and hit with a £2.87m fine.
The Blackstone Group topped preliminary rankings for private equity activity this year based on the total value of deals done, while Goldman Sachs booked the most revenue from buyout advisory work.
Succession has long been a tricky issue to deal with for private equity firms, but several groups have demonstrated in recent weeks that it need not be a painful process.